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1409 Riverside Park, Colchester, Colchester, Eastern Cape
R 2 625 000
Discover this fantastic opportunity to own four fully furnished, income-generating self-catering units, perfect for short-term rentals or long-term leases. Each spacious unit features two bedrooms (one with a double bed, the other with two double bunks), a modern bathroom with a shower, toilet, basin and extractor fan, with an open-plan kitchen and lounge area that seamlessly extends to a private outdoor braai and wooden table set. Sold as seen, these units come complete with all furniture, appliances (TV, fridge, microwave, kettle, toaster), bedding, curtains, pictures, and kitchen utensils, ensuring a hassle-free transition for the new owner. Beyond the comfortable interiors, each unit offers its own DB board, a two-seater wooden bench at the entrance, and a four-seater wooden bench table set for outdoor enjoyment. The mini-complex boasts excellent infrastructure, including satellite dishes per double unit, a substantial 16,000-litre septic tank with an additional 4,000-litre grey water tank, and two 2,500-litre rainwater tanks. Four 9kg gas bottles are included, and each unit is equipped with a fire extinguisher for safety. Security is paramount with a remote-controlled entrance gate, full vibracrete perimeter, and electric fencing. Currently generating income and presents a compelling investment with strong income potential in a sought-after self-catering market.
Estimated monthly repayment
R 24 789
on a R 2 362 500 bond over 20 years at 11.25%
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1409 Riverside Park, Colchester, Colchester, Eastern Cape
Listed by
Lesley-Ann Fry
Harcourts UD
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